October 15th, 2020.
Many banks have stopped accepting new applications for business bank accounts since the coronavirus pandemic surged in the UK.This is predominantly down to increased demand for government-backed emergency loans like Microbusiness Bounce Back Loans and the Coronavirus Business Interruption Loans. Banks are focusing on providing these and tending to their existing customers’ most pressing needs.
Which banks are still offering business bank accounts?SmallBusiness.co.uk has spoken to the following banks to find out where they stand on accepting business bank account applications.
HSBCHSBC closed applications for new business bank accounts on 30th September.
For the full story at smallbusiness.co.uk CLICK HERE.